US futures are indicating a higher open after closing sharply lower on Tuesday with MSFT up ~8% afterhours following earnings beat and positive commentary on AI. European equity markets have opened negative, following mixed trade in Asia. First Republic Bank’s larger-than-expected deposit outflow in March continues to reverberate with KBW regional banking index down 4%. Situation is driving renewed discussions about banking sector stress. US recession fears also resurfacing after the consumer confidence hit a nine-month low.
Companies Mentioned: First Republic Bank, Carrier Global, Tencent